it was confirmed by the defense ministry as well. these things get ratcheted up. daysly we get one or two defenset of these related stocks listed in south korea. they were up. now we are seeing modest losses. means thatred, and is weakening. we are down about a quarter of one percent for south korea. really in line with what we are seeing across the region. we are talking about japan reopening. another big he'll could be brewing. fast retailer said to be in talks to buy j.crew. they say the valuation could top $5 billion. earnings story. to be disappointed. bringing down the forecast because of a disappointing performance. mazda does a lot of business in europe. the japanese yen strengthening for 30 straight days. that doesn't exactly bode well for profits. jpmorgan with a note of raising the rate on several players. the electric company raised to high perform. term more than anything else. back to you. >> thanks, david. today we are looking at asia's gridlock streets. more than 20 million cars were sold in china alone last year, leading to clogged roads and incre